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Saudi-Egyptian Bank discussions to be finalised in September

A Saudi member of the Saudi-Egyptian Business Council (SEBC) has said that the final details of the Saudi-Egyptian Bank, which was unanimously approved by the political and financial authorities in both countries, will be discussed in Cairo by the end of September, Saudi Gazette has reported. Both sides have agreed that there should be a public share offering at a later stage. This would help to integrate the Egyptian and Saudi Arabian capital markets.